Can a broker represent both the buyer and the seller in a single transaction without consent?

A broker can represent both the buyer and the seller in a single transaction only if they have informed consent from both parties. This practice, known as dual agency, involves the broker balancing the interests of both the buyer and the seller, which necessitates transparency and agreement from both sides. It is essential for the broker to disclose their dual agency status so that both parties are aware of the potential conflicts of interest that may arise. This requirement is designed to protect consumers and ensure fair dealings in real estate transactions, as without consent, a broker could be perceived as favoring one party over another, ultimately undermining trust and ethical standards in the industry. Consent reinforces the importance of communication and transparency in real estate transactions.